Presented by Mountain Rose Realty and Anne-Britt Ostlund

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Welcome to the Telluride Luxury Market Digital Report for July 2024, presented by Mountain Rose Realty. This comprehensive analysis provides insights into the luxury real estate market across North America, with a particular focus on the Telluride area. Whether you're interested in buying, selling, or simply staying informed, this report offers valuable information to help you navigate the market effectively.

Single Family Homes in Telluride Market Summary | June 2024

1. Market Type: Buyer's Market with a 4% Sales Ratio.
2. Sale Price vs. List Price: Homes sold for a median of 91.27% of list price.
3. Most Active Price Band: $4,000,000-$4,749,999 with a 33% sales ratio.
4. Median Luxury Sales Price: $6,588,660.
5. Median Days on Market: 193 days, a significant decrease from 331 days in June 2023.

Attached Homes in Telluride Market Summary | June 2024

1. Market Type: Buyer's Market with a 4% Sales Ratio.
2. Sale Price vs. List Price: Homes sold for a median of 91.27% of list price.
3. Most Active Price Band: $4,000,000-$4,749,999 with a 33% sales ratio.
4. Median Luxury Sales Price: $6,588,660.
5. Median Days on Market: 193 days, down from 331 days in June 2023.

June’s Highlights for the Luxury Market Report

This month’s report offers a comprehensive analysis of the luxury real estate market across North America. Key highlights include:

1. Market Overview: A detailed guide to the luxury real estate market trends and statistics in North America.
2. Month-over-Month Comparison: Insights into the market trends over the past 13 months.
3. Mid-Year Review: A look at the first half of 2024, revealing a significant return to a seller's market.
4. Key Statistics: June shows that 95 out of 150 single-family home markets favor sellers, with a similar trend in attached properties.
5. Rising Sales: Despite slight year-over-year decreases in June, sales have surged significantly since January.
6. Inventory Levels: Rising inventory levels provide more opportunities for buyers, although still below traditional norms.
7. Market Trends: Key trends include wealth accumulation, increased inventory, sustained demand, lifestyle changes, and a growing preference for customization and sustainability in homes.
8. Future Predictions: The luxury market is expected to evolve with changing consumer demands and technological advancements.

As the Telluride real estate market continues to evolve, it's crucial to work with a knowledgeable realtor who can navigate these changes. Anne-Britt Ostlund and Mountain Rose Realty are committed to providing you with the expertise and insights needed to achieve your real estate goals in Telluride.

Stay ahead in the Telluride real estate market by keeping informed with our regular updates. Whether you’re looking to buy or sell, Mountain Rose Realty is here to guide you every step of the way. Contact Anne-Britt Ostlund today for a personalized consultation.